Looks like we are very near to complete a 44 year long bullrun in USDINR. Prices have moved up from 7.39 in 1974 to above 74 yesterday. Now is time for correction of this 44 year bullrun.
Retracement levels:
23.6 at 58 - 59
38.2 at 48 - 49
50 at 41 - 42.
USD INR bulls be careful. This is not a recommendation to long or short but a view on the pair.
Retracement levels:
23.6 at 58 - 59
38.2 at 48 - 49
50 at 41 - 42.
USD INR bulls be careful. This is not a recommendation to long or short but a view on the pair.